Sensex soars 200 pts, Nifty Marches Towards 8700

The market continued its uptrend that started in late trade yesterday. 

 

Broadbased buying helped the Sensex cross 28000 level and the Nifty move towards 8700-mark.Get live Nifty Future Tips News Updates visit us : http://www.ripplesadvisory.com/nifty-future-.php or Get Two Days Free Trial just on One Missed Call @98-27-80-80-90 

 

"Sideways range has formed support at 8,547-8,565 and resistance at 8,747.8,760," Laurence Balanco of CLSA says, adding a break below the lower boundary of the cited range would open the door for a move down to the 50-day moving average and lower boundary of the cited uptrend channel, currently at 8,238-8,460.